NEW YORK--(BUSINESS WIRE)--Susan Lyne, Vice Chairman of Gilt and AOL board member, has been
appointed to run AOL’s portfolio of brands that serve over 100 million
consumers globally.

Lyne will oversee all aspects of the Brand Group’s growth strategy,
including increasing traffic across properties, maximizing partnerships
with advertisers and publishers, and attracting top talent, with a
particular focus on content, design, programming, and product.

“In her roles as CEO then Chairman of Gilt, and previously as President
and CEO of Martha Stewart Living Omnimedia, Susan has a proven track
record of brand building and aggressive growth,” said Tim Armstrong,
Chairman and CEO. “I know she’ll bring that same drive and
growth-oriented mentality to our Brand Group. AOL ended 2012 growing
revenue for the first time in eight years, and we expect Susan to help
build on this momentum and take our brands to the next level.”

“In my three years as an AOL board member, I have partnered with Tim
Armstrong and my fellow directors to help drive the company’s
transformation, and have seen AOL make great strides as it continues to
innovate, grow and evolve,” Lyne said. “I’m looking forward to
contributing to the company’s continued evolution in my new role, and
will focus on creating additional value with all of AOL’s premium
brands. Our efforts center on making all of our brands true destinations
for audiences worldwide, and to provide marketers with innovative
opportunities to connect with these audiences.”

Lyne recently transitioned from her role as Chairman of Gilt to become
Vice Chairman. She will continue in that role.

In addition to her roles at Gilt and Martha Stewart Living Omnimedia,
Lyne brings a decade of experience in the television industry, including
serving as President of ABC Entertainment, where she oversaw the
development of shows such as Desperate Housewives, Lost, and Grey’s
Anatomy. Lyne’s convergence of experience, encompassing media,
television and the digital industry, will be particularly valuable to
AOL.

Lyne’s appointment is part of AOL’s continued efforts to streamline its
operations and give its business unit leaders more autonomy and
accountability. AOL has three business units –The Membership Group,
which consists of offerings that serve AOL account holders, AOL
Networks, which consists of AOL's offerings to publishers and
advertisers utilizing AOL’s third-party advertising network, and the
Brand Group, which consists of AOL's portfolio of distinct and unique
content brands. All three business units were overseen by AOL’s Chief
Operating Officer, Arthur “Artie” Minson, who will stay with the company
for a transition period.

“In his role first as CFO and most recently as COO, Artie has done an
extraordinary job of optimizing AOL’s assets and has created a
tremendous amount of value for shareholders,” Armstrong said. “Artie has
played a key role in the turnaround of AOL and that will continue in
2013 during the transition period.”

“I came back to AOL three and a half years ago with the goal of
returning AOL to being a growth company,” said Minson. “With that
accomplished, I have decided to stay and continue to work closely with
Tim during this transition period. I look forward to AOL’s continued
success.”

About AOL

AOL Inc. (NYSE: AOL) is a brand company, committed to continuously
innovating, growing, and investing in brands and experiences that
inform, entertain, and connect the world. The home of a world-class
collection of premium brands, AOL creates original content that engages
audiences on a local and global scale. We help marketers connect with
these audiences through effective and engaging digital advertising
solutions.